12-11-2007, 01:41 PM
Serene Wrote:Personally, I find the gap between the Peso's strength against the dollar and the increase in oil prices very irregular.
Hindi ba dapat, bumaba na ngayon yung presyo ng oil?
Or maybe there's something wrong going on behind everything else...
Not necessarily. It'd only happen if the peso appreciates faster than the oil prices. World oil prices, on the other hand, are going up really fast nowadays due to the high demand this season all over the globe. It's either demand for the black gold goes down, or something kicks our economy waaayyy up. The only thing our currency can do right now is to dampen the price increase of oil.
"Numbers are not part of the real world; they're part of something else."
-Prof. Rolly Panopio, UPLB Math Division
-Prof. Rolly Panopio, UPLB Math Division